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BlackBull Markets review: Is it a legit or scam forex broker?

blackbull markets review

The MT4 platform itself is packed with more tools than most traders need. You can even expand its capabilities with free and paid tools available from the MQL limefx review marketplace which you can easily access from within the platform itself. Not to mention, you can find a practically endless amount of MT4 tools online.

Who owns BlackBull Markets?

BlackBull Markets was founded in 2014 in Auckland, New Zealand by Michael Walker and Selwyn Loekman.

BlackBull Markets was founded in 2014 and is headquartered in New Zealand. It is fully authorized by the Financial Markets Authority (FMA) in New Zealand and registered on the Financial Services Provider Register (FSPR). The broker also holds a license in the offshore island nation of Seychelles with the Financial Services Authority (FSA). For your safety & security, we only list Forex and CFD providers that are regulated.

Fees and Spreads

Our account was ready within a business day while the educational tools include videos, texts and a demo account. The platform has the same design, is available in the same languages, offers the same order types (plus Trailing Stop), and has the same search functions as the web trading platform. The portfolio and fee reports are clear as well, and you can download them if you right click on the History tab and select “Save as detailed report”. Alerts and notifications are only available on the desktop trading platform. It would be much more convenient to have these features on the mobile trading platform as well.

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The platform can be downloaded on Mac, Windows, Android and iOS, catering to everyone. This page provides an easy-to-understand explanation of how trading operates and the basic principles of technical and fundamental analysis. The basic concepts of trading in forex will be explained in a variety of video tutorials as well as trading guides. Additionally, you can keep updated on the most recent market developments by reading their recent market analysis. To give you a truly professional experience, BlackBull Markets offer customized accounts to their high-volume traders.

BlackBull Markets In-depth Review – Are They A Scam?

All withdrawals from trading accounts must be made to bank accounts or a source account of the traders. BlackBull Markets offers free VPS hosting services to interested customers. The only requirement is having a BlackBull Markets Prime account and an initial deposit of at least US$2,000 with 20 lots of trades each month.

blackbull markets review

We’ll show you further details about this content in the coming sections. All by each, BlackBull Markets seems like a secure Forex Broker from the first look. If you are a high volume trader then you may be eligible for rebates and a more customised offering through the Active Trader Account. Even if trading in high volumes, you can still expect tight spreads and reliable execution speeds. BlackBull Markets provide its customers with the popular trading plugin, Autochartist. Autochartist is a market analysis tool that uses advanced pattern-recognition technologies to uncover market possibilities.

Customer service

The Forex Broker is fully regulated in New Zealand and provides a very good service. There is a free demo account to test the platform by yourself, and for all traders who want to start trading with real money, there is no minimum deposit for the standard account. This is a huge variety of more than 26,000 tradable instruments in total. BlackBull Markets has established itself as a competitive and reliable forex and CFD brokerage, providing a high-quality trading experience to traders of various skill levels and preferences.

In the picture below, you will see a screenshot of the order mask. All information on is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information.

Web Trading

BlackBull Markets account types are suitable for novices as well as experienced traders. BlackBull Markets standard account has a higher minimum deposit requirement of US$200 and allows trading in micro-lots, making it attractive for beginners. Professional traders usually prefer paying more for deposits, and commissions per trade, in exchange for more favorable spreads.

  • This multi-asset platform is the best for trading in forex, stocks, metals, and hundreds of other derivative assets.
  • The 2nd social trading platform is MyFxBook, which offers BlackBull Markets traders with a load of analysis tools.
  • Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
  • This can save you plenty of time and stress waiting for the right opportunity to occur.

Withdrawals via international bank transfers cost $20 (or 20 units in any other account currency). BlackBull Markets provides a swap-free / Islamic account that operates in full compliance with Sharia Law. Swap-free accounts are offered as a variant of Standard, Prime and Institutional Accounts.

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It is a powerful, customizable, and comprehensive mobile trading app that allows you to monitor market activities, offering real-time quotes, charts, and market news. The app is designed for mobile devices running on Android and iOS and can be downloaded from the respective app stores. All payment methods, excluding Bank Wire, provide instant deposits at BlackBull Markets. Bank Wire transfers will take 1 – 3 business days to be processed and our BlackBull Markets review tests confirmed these times.

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What is the spread of BlackBull Markets?

BlackBull Markets offers two types of trading accounts: Standard and Prime. The Standard account requires a minimum deposit of $200 and offers floating spreads from 0.8 pips, no commissions, and a maximum leverage of 1:500.

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